KUALA LUMPUR, Nov 7 (Bernama) -- Black & Veatch, a global leader in critical infrastructure solutions, has conducted a feasibility study for Augustus Global Investment (AGI), a Germany-based investment firm, on the generation of green hydrogen in Indonesia.
In a statement, Black & Veatch said the project envisions green hydrogen production using electrolysers powered by grid-supplied renewable energy, whereby the company provided a plant configuration and technology analysis and order-of-magnitude cost estimates for hydrogen generation and storage.
The study finds that the project can be technically and economically feasible and has the potential to significantly contribute to Indonesia's energy transition.
“With Indonesia’s vast energy and renewable resources including geothermal energy, there is great potential for this project to be a catalyst in creating a long-term hydrogen economy in Indonesia over this next decade.
“Black & Veatch is at the forefront of the green hydrogen value chain including currently building one of the world’s largest industrial green hydrogen production and storage facilities on a turnkey basis and we are pleased to bring our global expertise to the region to support these new project developments,” said its President, Asia Pacific and India, Narsingh Chaudhary.
Meanwhile, AGI Chief Executive Officer, Fadi Krikor said: “Augustus sees worldwide prospects for long-term investment in the infrastructure and energy sectors. We are thrilled to invest in Indonesia and support the nation's transition to a clean energy future.”
The proposed green hydrogen production plant with an estimated developing cost of US$500 million would be built in the Arun Lhokseumawe Special Economic Zone (SEZ) in the Aceh province of Indonesia and is expected to produce 98.5 tonnes of hydrogen per day (TPD) and have a 300-megawatt (MW) capacity. (US$1=RM4.65)
Part of Indonesia’s efforts to meet carbon neutrality targets includes developing large-scale renewable energy, with a concentration on solar, hydropower and geothermal energy as well as hydrogen.
-- BERNAMA
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